917 10th Street
About This Property
A rare opportunity to create your dream home in the Hill Section. This home is your blank canvas for the next chapter of your life here in Manhattan Beach. Removed from the main roads, and sitting on one of the larger lots in the area, this home is the perfect starter home to live in one of the premier neighborhoods here in the 90266.
What I love about this home:
What's there not to love? The home sits on a 7,500 sqft lot, away from the main streets, in one of the premier areas of Manhattan Beach. Better parking than the Sand Section too.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 14, 2021 | No longer available | - | |
| No longer available | |||
| Oct 11, 2021 | Listed by Corcoran Global Living | $8,000,000 | |
| Listed by Corcoran Global Living | |||
| | |||
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Stunning new contemporary home from First Light Development. This Property was sold in mid construction and has closed escrow, so being reported for Comp Purposes only. Beautiful floor plan with 7 Bedrooms and 6 1/2 Plus 1/2 baths, with 6,200 Square Feet of Living Space. Includes a full basement, pool, and pool house. First Light will complete home as a custom home. Incredible outdoor space including spacious decks, patios and lots of grass. The manager has listed the unit size as 1296 square feet.
| |||
| Aug 22, 2019 | Sold | ||
| Sold | |||
| Jul 9, 2019 | Listed by Douglas Elliman of California, Inc. | $2,394,000 | |
| Listed by Douglas Elliman of California, Inc. | |||
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About Hill Section
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017